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Assume that a firm takes on a project that requires an initial investment in Year 0 of $ 4 5 , 0 0 0 .

Assume that a firm takes on a project that requires an initial investment in Year 0 of $45,000. Also assume that the project produces NOPAT of $5,900 in Year 1. If the weighted average cost of capital for this project is 12 percent, then what is the economic value added (EVA) for this project for Year 1?
Enter your answer in whole dollars, truncated to the dollar, with no punctuation. For example, if your answer is $255.55, enter "255".
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